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The Political Instability of Reciprocal Trade and the Overthrow of the Hawaiian Kingdom

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  • La Croix, Sumner J.
  • Grandy, Christopher

Abstract

The overthrow of the Hawaiian monarchy in 1893 offers an illuminating case study of the political economy of preferential trading relationships between large and small countries. The limited-term reciprocity treaty of 1876 between Hawaii and the United States generated problematic strategic dynamics, as the normal operation of the treaty gradually worsened Hawaii’s bargaining position. This allowed the United States to extract better terms when the treaty expired in 1883 and to act opportunistically in 1890 with the passage of the McKinley Tariff. The political economy of the treaty contributed significantly to the overthrow of the Hawaiian monarchy.

Suggested Citation

  • La Croix, Sumner J. & Grandy, Christopher, 1997. "The Political Instability of Reciprocal Trade and the Overthrow of the Hawaiian Kingdom," The Journal of Economic History, Cambridge University Press, vol. 57(1), pages 161-189, March.
    • Handle: RePEc:cup:jechis:v:57:y:1997:i:01:p:161-189_01
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    Cited by:

    1. Christopher Edmonds & Sumner J. La Croix & Yao Li, 2006. "The China's Rise as an International Trading Power," Economics Study Area Working Papers 88, East-West Center, Economics Study Area.
    2. Sumner J. La Croix, 2002. "The Economic History of Hawai‘i: A Short Introduction," Working Papers 200203, University of Hawaii at Manoa, Department of Economics.

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